Public Expenditure - UK - August 2016

EXECUTIVE SUMMARY 
The market
Figure 1: Public expenditure as a % of GDP, 2006-15
Figure 2: Total DEL, 2012-16 actual, 2017 expected and 2018-20 planned
Figure 3: Total managed expenditure, 2012-16
Figure 4: Comparison of public current and capital expenditure, 2012-16
Figure 5: Segmentation of total managed public expenditure, by function, 2016
Figure 6: Segmentation of total managed current public expenditure, by function, 2016
Figure 7: Segmentation of total managed capital public expenditure, by function, 2016
Market factors
Companies
What we think
KEY INSIGHTS  
What is the likely impact of Brexit on public expenditure?
What are the main drivers of public spending?
Is capital spending in the public sector outstripping overall growth?
INTRODUCTION 
Definitions
Methodology
Abbreviations
Market positioning and issues in the market
UK ECONOMY
Overview
Figure 8: UK GDP quarterly development, 2003-16
Figure 9: UK GDP in economic downturns and recoveries since 1979
Inflation
Interest rates
House prices
Figure 10: UK House price changes, 2006-2016
Consumer spending
Manufacturing
Figure 11: UK manufacturing, 2014-16
Business investment
Figure 12: UK GFCF 2003-16
Imports
Exports
MARKET FACTORS 
Key points
Market factors
Social
Figure 13: UK population projection, 2014-39
Figure 14: Composition of UK population projection, 2014-39
Economic
Political
MARKET SIZE 
Key points
Market size
Figure 15: Total managed expenditure, 2012-16
Figure 16: Comparison of public current and capital expenditure, 2012-16
MARKET SEGMENTATION 
Key points
Market segmentation
Figure 17: Segmentation of total managed expenditure, by function, 2016
Figure 18: Segmentation of total managed expenditure, by function, 2012-16
Current expenditure
Figure 19: Segmentation of current expenditure, by function, 2016
Figure 20: Segmentation of current expenditure, by function, 2012-16
Capital expenditure
Figure 21: Segmentation of capital expenditure, by function, 2016
Figure 22: Segmentation of capital expenditure, by function, 2012-16
General public services
Figure 23: Segmentation of total managed expenditure on general public services, by function, 2012-16
Defence
Figure 24: Segmentation of total managed expenditure on defence, by function, 2012-16
Public order and safety
Figure 25: Segmentation of total managed expenditure on public order and safety, by function, 2012-16
Economic affairs
Figure 26: Segmentation of total managed expenditure on economic services, by function, 2012-16
Figure 27: Segmentation of total managed expenditure on transport, by function, 2012-16
Environmental protection
Figure 28: Segmentation of total managed expenditure on environmental protection, by function, 2012-16
Housing and community amenities
Figure 29: Segmentation of total managed expenditure on housing and community amenities, by function, 2012-16
Health
Figure 30: Segmentation of total managed expenditure on health, by function, 2012-16
Recreation, culture and religion
Figure 31: Segmentation of total managed expenditure on recreation, culture and religion, by function, 2012-16
Education
Figure 32: Segmentation of total managed expenditure on education, by function, 2012-16
Social protection
Figure 33: Segmentation of total managed expenditure on social protection, by function, 2012-16
INDUSTRY STRUCTURE 
Key points
Industry introduction
AMEY 
Figure 34: Financial analysis of Amey UK, 2011-15
Figure 35: Turnover analysis of Amey UK, by sector, 2015
Figure 36: Turnover analysis of Amey UK, by region, 2015
Company strategy
ASPIRE DEFENCE HOLDINGS 
Figure 37: Financial analysis of Aspire Defence Holdings, 2009-13
Company strategy
BAE SYSTEMS 
Figure 38: Financial Analysis of BAE Systems, 2011-2015
Figure 39: Turnover Analysis of BAE Systems by activity, 2015
Company strategy
BABCOCK INTERNATIONAL GROUP 
Figure 40: Financial Analysis of Babcock International Group, 2012-2016
Figure 41: Turnover Analysis of Babcock International Group, 2016
Company strategy
BALFOUR BEATTY 
Figure 42: Financial analysis of Balfour Beatty, 2011-15
Figure 43: Investment portfolio of Balfour Beatty by segment, 2013-14
Company strategy
CAPITA 
Figure 44: Financial analysis of Capita, 2011-15
Figure 45: Turnover analysis of Capita in the public sector, 2015
Company strategy
G4S 
Figure 46: Financial analysis of G4S, 2011-15
Figure 47: Turnover analysis of G4S, by activity, 2015
Figure 48: Turnover analysis of G4S, by region, 2015
Company strategy
IBM UNITED KINGDOM 
Figure 49: Financial analysis of IBM United Kingdom, 2011-15
Company strategy
INTERSERVE 
Figure 50: Financial analysis of Interserve, 2011-2015
Figure 51: Turnover segmentation of Interserve, 2015
Company strategy
ROLLS ROYCE 
Figure 52: Financial analysis of Rolls-Royce, 2011-15
Figure 53: Turnover analysis of Rolls-Royce, 2015
Company strategy
SERCO 
Figure 54: Financial analysis of Serco Group, 2011-15
Figure 55: Turnover analysis of Serco Group, 2015
Company strategy
SIEMENS  
Figure 56: Financial analysis of Siemens plc, 2011-15
Figure 57: Turnover analysis of Siemens plc, 2015
Company strategy
SODEXO 
Figure 58: International breakdown of Sodexo turnover, by sector, 2015
Figure 59: Financial analysis of Sodexo, 2011-15
Company strategy
THALES UK 
Figure 60: Financial analysis of Thales UK, 2010-14
Company strategy
WATES GROUP 
Figure 61: Financial analysis of Wates Group, 2011-15
Company strategy
FORECAST 
Key points
Market size
Figure 62: Total TME, 2012-16 actual, 2017 expected and 2018-20 planned
Market segmentation
Figure 63: Total DEL, 2012-16 actual, 2017 expected and 2018-20 planned
Figure 64: Total DEL segmentation, 2012-13 actual, 2014 expected and 2015-16 planned
Figure 65: Analysis of AME, 2016 actual, 2017 expected and 2018-20 planned
FURTHER SOURCES AND CONTACTS 
Trade exhibitions
Trade magazines